If you have recently married the love of your life in Florida, chances are the last thought you want to entertain is whether or not your newfound relationship will last long-term. However, proactively planning for your future and accounting for the what-ifs can help protect you should you ever be facing a divorce. At Fried and Fried, P.A. we are familiar with all of the details about creating and implementing post-nuptial agreements.
According to ABC News, a post-nuptial agreement is similar to a pre-nuptial agreement in that it is a legally-binding contract that details how you and your spouse would split financial assets and property in the case of a divorce. This unique agreement can also disclose child support arrangements, division of labor and responsibilities in your home and even how debts will be incurred and managed.
If you and your spouse have openly discussed how financial agreements will be formed, a post-nuptial contract may be an excellent way to put your thoughts in writing. This document will give both you and your spouse a reference should any disagreements arise. There are a few reasons why you may consider a post-nuptial including the following:
- You are exiting the labor force to stay at home and raise your children.
- You have found that your partner has been unfaithful; this type of agreement can be used as leverage in encouraging your spouse to make things right.
- You are on your second or third marriage and want to guarantee that some of your assets will be awarded to children from previous relationships.
When you understand the purpose of a post-nuptial agreement and which factors may make your decision more worthwhile, you can confidently begin organizing the terms of your contract with your spouse. For more information about post-nuptials, visit our web page.